M&A Deal Summary

Marvell Acquires Qlogic - Hard Disk Drive Controller Business

On August 29, 2005, Marvell acquired semiconductors company Qlogic - Hard Disk Drive Controller Business from QLogic for 225M USD

Acquisition Highlights
  • This is Marvell’s 3rd transaction in the Semiconductors sector.
  • This is Marvell’s 8th largest (disclosed) transaction.
  • This is Marvell’s 1st transaction in the United States.
  • This is Marvell’s 1st transaction in California.

M&A Deal Summary
Date 2005-08-29
Target Qlogic - Hard Disk Drive Controller Business
Sector Semiconductors
Buyer(s) Marvell
Sellers(s) QLogic
Deal Type Divestiture
Deal Value 225M USD

Target

Qlogic - Hard Disk Drive Controller Business

Aliso Viejo, California, United States
Qlogic's hard disk drive controller business consists of the hard disk and tape drive controller semiconductor business of the Company.

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Buyer(S) 1

Buyer

Marvell

Wilmington, Delaware, United States
Category Company
Founded 1995
Sector Semiconductors
Employees6,511
Revenue 5.5B USD (2024)
DESCRIPTION
Entrance to Marvell's corporate campus in Santa Clara, California.
Entrance to Marvell's corporate campus in Santa Clara, California.

Marvell is a fabless semiconductor company. Marvell’s U.S. operating subsidiary is based in Santa Clara, California and Marvell has international design centers located in China, Europe, Hong Kong, India, Israel, Japan, Malaysia, Singapore, Taiwan and the U.S. Marvell has expertise in microprocessor architecture and digital signal processing, and provides solutions for multiple platforms including high volume storage, mobile and wireless, networking, consumer and green products. Marvell was founded in 1995 and is based in Wilmington, Delaware.

DEAL STATS #
Overall 3 of 14
Sector (Semiconductors) 3 of 13
Type (Divestiture) 1 of 5
State (California) 1 of 7
Country (United States) 1 of 9
Year (2005) 1 of 2
Size (of disclosed) 8 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-01-22 Galileo Technology

Manof, Israel

Galileo is a supplier of complex, high-performance, integrated circuit devices serving the needs of the LAN, MAN and WAN markets.

Buy $2.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-12-22 UTStarcom - Semiconductor Design Business

Hong Kong, China

UTStarcom’s semiconductor design business is primarily focused on developing wireless communications solutions including 3G wireless application technologies and silicon solutions for Personal Handyphone System (PHS) products.

Buy $24M

Seller(S) 1

SELLER

QLogic

Aliso Viejo, California, United States
Category Company
Founded 1992
Sector Semiconductors
Employees782
Revenue 459M USD (2016)
DESCRIPTION

QLogic Corp. is a provider of high performance storage networking solutions including Fibre Channel host bus adapters (HBAs), blade server embedded Fibre Channel switches, Fibre Channel stackable switches, iSCSI HBAs, iSCSI routers and storage services platforms for enabling advanced storage management applications.

DEAL STATS #
Overall 1 of 2
Sector (Semiconductors) 1 of 1
Type (Divestiture) 1 of 2
State (California) 1 of 1
Country (United States) 1 of 2
Year (2005) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-01-23 Little Mountain Group

Auburn, California, United States

Little Mountain Group, Inc. develops standards-based technology for high-speed SANs. LMG is currently developing iSCSI – SCSI over IP – technology for use in adapters and storage controllers to enable a new generation of Ethernet SANs.

Buy $30M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-08 Troika Networks

Westlake Village, California, United States

Troika Networks, Inc. is a provider of superior platform for hosting storage services.

Buy $37M
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